[Latest] Global Cocoa and Chocolate Market Size/Share Worth USD 10.86 Billion by 2033 at a 6.24% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Cocoa and Chocolate Market size & share revenue was valued at approximately USD 5.93 Billion in 2023 and is expected to reach USD 6.10 Billion in 2024 and is expected to reach around USD 10.86 Billion by 2033, at a CAGR of 6.24% between 2024 and 2033. The key market players listed in the report with their sales, revenues and strategies are Barry Callebaut AG, Cargill Incorporated, Olam International Ltd., Nestlé S.A., The Hershey Company, Mars Incorporated, Mondelez International Inc., Puratos Group, Blommer Chocolate Company, Meiji Holdings Co. Ltd., Guittard Chocolate Company, Ferrero Group, Lindt & Sprüngli AG, Cémoi Group, ECOM Agroindustrial CorporationSG, and others.

/EIN News/ -- Austin, TX, USA, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Cocoa and Chocolate Market Size, Trends and Insights By Product Type (Butter, Liquor, Powder, Dark, Milk, White, Filled), By Application (Food & Beverage, Cosmetics, Pharmaceuticals, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.

“According to the latest research study, the demand of global Cocoa and Chocolate Market size & share was valued at approximately USD 5.93 Billion in 2023 and is expected to reach USD 6.10 Billion in 2024 and is expected to reach a value of around USD 10.86 Billion by 2033, at a compound annual growth rate (CAGR) of about 6.24% during the forecast period 2024 to 2033.”

Click Here to Access a Free Sample Report of the Global Cocoa and Chocolate Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=59489

Cocoa and Chocolate Market: Overview

Cocoa, obtained from cacao tree seeds, is an important ingredient in chocolate, cocoa butter, and cocoa powder and has a variety of industrial applications. Cocoa is well-known in the culinary industry, but its use in cosmetics and medicines is increasing, particularly as people become more aware of its potential health benefits.

The global market for cocoa and chocolate is positioned for significant growth in the coming years, fueled by some important consumer trends. These include increasing interest in premium products, a rising focus on health-conscious choices, and greater awareness of sustainable and ethical sourcing.

According to a recent analysis, the cocoa and chocolate industry is expected to grow as consumer tastes alter and demand for high-quality products rises, notably in food and beverage, cosmetics, and medicines.

One of the main drivers of market growth is increased knowledge of cocoa’s health benefits. Dark chocolate includes cocoa and is widely recognized for its antioxidant benefits. It contains flavonoids, which are linked to a decreased risk of heart disease and improved cardiovascular health.

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Furthermore, studies show that regular consumption of dark chocolate may help lower blood pressure and increase insulin sensitivity, making it a tempting alternative for health-conscious clients. This has led to rising demand for premium chocolate products containing significant quantities of cocoa, speeding up industry expansion.

Rising disposable incomes, particularly in developing markets, also benefit the global economy. Countries with historically low levels of chocolate consumption, such as India and China, are seeing a growth in demand, particularly for high-end and artisanal chocolates.

Major chocolate makers know these shifts and are extending their position in these regions by producing premium chocolates. This trend is especially visible in metropolitan areas, where shoppers seek rich, high-quality chocolate as part of a greater lifestyle shift. The expanding middle class in these countries creates enormous development opportunities for established and new chocolate companies.

Consumer knowledge of environmental problems and ethical sourcing procedures is another important aspect that influences the industry. More customers choose sustainably sourced items with information about labor conditions and environmental effects. In response, businesses are increasingly focused on purchasing chocolate from certified sustainable farms, such as those that follow Fair Trade or Rainforest Alliance criteria.

This feat is especially remarkable given that West Africa accounts for more than 70% of the world’s cocoa supply, and social and environmental challenges have long hampered production. Companies that promote ethical standards and provide certificates increase client confidence and loyalty, making them an important part of the market.

Various factors, such as price disparity for basic materials, lack of universal directives about the production of cocoa and chocolate, less adaptation in many underdeveloped countries, adverse meteorological conditions, political unrest, and labor shortages in major cocoa-producing countries like Ivory Coast and Ghana, are mainly restraining market growth.

Beyond the culinary industry, cocoa-based products are gaining popularity in the cosmetics and medicinal industries. Cocoa butter, for example, is prized for its moisturizing characteristics in cosmetics, and cocoa’s antioxidant benefits are being studied for usage in various nutritional supplements. This diversification helps to expand the market beyond its usual borders and creates new opportunities.

The worldwide cocoa and chocolate industry is predicted to increase further in the future, driven by robust demand from established and emerging nations. Customers seek health, sustainability, and premium quality, so chocolate manufacturers must stay on the cutting edge of innovation to remain competitive. Those who skillfully navigate the challenges of rising raw material costs while simultaneously capitalizing on new opportunities in non-cocoa alternatives and other industries will be well-positioned for long-term success.

The Cocoa and chocolate system market is segmented across Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. North America dominated the market, which is expected to grow at a CAGR of 4.43% over the projected period.

The top players in the North American cocoa and chocolate market include Mondelez International (US), Blommer Chocolate (US), Hershey (US), and Mars Inc. (US).. The increased demand for chocolate in North America drives cocoa growth in the region since cocoa is an essential raw ingredient in chocolate production. Furthermore, increased consumer demand for chocolate raises demand for cocoa butter, which gives chocolate its melt-in-your-mouth feel. The United States has the largest chocolate consumption and production in the North American area.

Report Scope

Feature of the Report	Details
Market Size in 2024	USD 6.10 Billion
Projected Market Size in 2033	USD 10.86 Billion
Market Size in 2023	USD 5.93 Billion
CAGR Growth Rate	6.24% CAGR
Base Year	2023
Forecast Period	2024-2033
Key Segment	By Product Type, Application and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your research requirements.

(A free sample of the Cocoa and Chocolate report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

• Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
• The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
• About 220+ Pages Research Report (Including Recent Research)
• Provide detailed chapter-by-chapter guidance on the Request.
• Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
• Includes Tables and figures have been updated.
• The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
• Custom Market Insights (CMI) research methodology

(Please note that the sample of the Cocoa and Chocolate report has been modified to include the COVID-19 impact study prior to delivery.)

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CMI has comprehensively analyzed the Global cocoa and chocolate market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an in-depth market scenario. Segment-wise market size and market share during the forecast period have been duly addressed to portray a probable picture of this Global Cocoa and chocolate industry.

The competitive landscape includes key innovators, after-market service providers, market giants, and niche players, who are studied and analyzed extensively with respect to their strengths, weaknesses, and value-adding prospects. In addition, this report covers key players’ profiles, market shares, mergers and acquisitions, consequent market fragmentation, and new trends and dynamics in partnerships.

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Key questions answered in this report:

• What is the size of the Cocoa and Chocolate market and what is its expected growth rate?
• What are the primary driving factors that push the Cocoa and Chocolate market forward?
• What are the Cocoa and Chocolate Industry's top companies?
• What are the different categories that the Cocoa and Chocolate Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Cocoa and Chocolate market sample report and company profiles?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2024−2033
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Cocoa and Chocolate Market: Regional Analysis

The global cocoa and chocolate market is segmented by region into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. North America dominated the market and is expected to grow at a CAGR of 4.43% over the projected period.

The increased demand for chocolate in North America drives cocoa growth in the region since cocoa is an essential raw ingredient in chocolate production. The presence of major key players in the North American cocoa and chocolate market, such as Mondelez International (US), Blommer Chocolate (US), Hershey (US), and Mars Inc. (US), is expected to drive the demand for cocoa and chocolate in this region.

The United States has the largest chocolate consumption and production in the North American area. In Canada, chocolate is becoming more expensive due to the rising cost of raw materials, particularly sugar. Still, with the rising popularity of giving chocolates as gifts, Canada will likely see a significant increase in the acceptability of pricey chocolates in the upcoming years. The Mexican chocolate market is expanding due to rising disposable income, booming foreign investment, and an increase in annual chocolate events like the Mexico Chocolate Expo.

The Asia Pacific cocoa and chocolate market is expected to grow substantially during the forecast period. Key countries such as China, India, Japan, ASEAN, South Korea, and Australia are mainly driving the market growth of this region. Various factors such as growing disposable income, growing millennial and Gen Z population, presence of well-established value chains, and growing presence of E-commerce channels are mainly driving the market growth of this region.

The European region is expected to grow substantially during the forecast period due to major key players. Key countries such as France, the U.K., Russia, Spain, Germany, and the Netherlands are mainly driving the market growth of this region. Various factors, such as growing demand for premium chocolate confectionaries and high demand for premium chocolate confectionaries, are mainly driving the market growth of this region.

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List of the prominent players in the Cocoa and Chocolate Market:

• Barry Callebaut AG
• Cargill Incorporated
• Olam International Ltd.
• Nestlé S.A.
• The Hershey Company
• Mars Incorporated
• Mondelez International Inc.
• Puratos Group
• Blommer Chocolate Company
• Meiji Holdings Co. Ltd.
• Guittard Chocolate Company
• Ferrero Group
• Lindt & Sprüngli AG
• Cémoi Group
• ECOM Agroindustrial CorporationSG
• Others

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The Cocoa and Chocolate Market is segmented as follows:

By Product Type

• Butter
• Liquor
• Powder
• Dark
• Milk
• White
• Filled

By Application

• Food & Beverage
• Cosmetics
• Pharmaceuticals
• Others

Click Here to Get a Free Sample Report of the Global Cocoa and Chocolate Market @ https://www.custommarketinsights.com/report/cocoa-chocolate-market/

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

This Cocoa and Chocolate Market Research/Analysis Report Contains Answers to the following Questions.

• Which Trends Are Causing These Developments?
• Who Are the Global Key Players in This Cocoa and Chocolate Market? What are Their Company Profile, Product Information, and Contact Information?
• What Was the Global Market Status of the Cocoa and Chocolate Market? What Was the Capacity, Production Value, Cost and PROFIT of the Cocoa and Chocolate Market?
• What Is the Current Market Status of the Cocoa and Chocolate Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Cocoa and Chocolate Market by Considering Applications and Types?
• What Are Projections of the Global Cocoa and Chocolate Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
• What Is Cocoa and Chocolate Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
• What Is the Economic Impact On Cocoa and Chocolate Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
• What Are Market Dynamics of Cocoa and Chocolate Market? What Are Challenges and Opportunities?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Cocoa and Chocolate Industry?

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Reasons to Purchase Cocoa and Chocolate Market Report

• Cocoa and Chocolate Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
• Cocoa and Chocolate Market report outlines market value (USD) data for each segment and sub-segment.
• This report indicates the region and segment expected to witness the fastest growth and dominate the market.
• Cocoa and Chocolate Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
• The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
• Cocoa and Chocolate Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

• The study provides a thorough overview of the global Cocoa and Chocolate market. Compare your performance to that of the market as a whole.

• Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

• Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Cocoa and Chocolate market analysis.

• The competitive environment of current and potential participants in the Cocoa and Chocolate market is covered in the report, as well as those companies' strategic product development ambitions.

• According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

• For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

• Participants and stakeholders worldwide Cocoa and Chocolate market should find this report useful. The research will be useful to all market participants in the Cocoa and Chocolate industry.

• Managers in the Cocoa and Chocolate sector are interested in publishing up-to-date and projected data about the worldwide Cocoa and Chocolate market.

• Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Cocoa and Chocolate products' market trends.

• Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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